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Legislation
Corporation Tax Act 2009

Crossheading How profits and deficits from loan relationships are dealt with

  • Section 295 General rule: profits arising from loan relationships chargeable as income
  • Section 296 Profits and deficits to be calculated using credits and debits given by this Part
  • Section 297 Trading credits and debits to be brought into account under Part 3
  • Section 298 Meaning of trade and purposes of trade
  • Section 299 Charge to tax on non-trading profits
  • Section 300 Method of bringing non-trading deficits into account
  • Section 301 Calculation of non-trading profits and deficits from loan relationships: non-trading credits and debits
  1. How profits and deficits from loan relationships are dealt with
  2. Profits and deficits to be calculated using credits and debits given by this Part

Section 296 | Profits and deficits to be calculated using credits and debits given by this Part

From legislation.gov.uk

Profits and deficits arising to a company from its loan relationships are to be calculated using the credits and debits given by this Part.

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